The use of energy harvesting systems in
portable and mobile medical devices, ocean energy harvesting devices, and human
energy harvesting technologies are a few key opportunities in this market.
Which
are the major applications of this market?
The building and home automation application
is expected to lead the energy harvesting system market. This application involves the use of power
harvested through ambient energy to operate devices such as sensors, switches,
lighting system, and harvesting energy from various devices such as radiators,
refrigerators, and many more.
Which
region is expected to witness significant demand for energy harvesting system
market in the coming years?
Americas is expected to have the largest
market share in terms of value, as the adoption of energy harvesting systems in
the building and home automation is high in the Americas. Moreover, there are
an increasing number of government activities for energy harvesting in the
Americas.
Which
are the major companies in the market? What are their major strategies to
strengthen their market presence?
EnOcean (Europe), Powercast Corporation (US),
Cymbet Corporation (US), Fujitsu (Japan), and Linear Technology (US) are some
of the major companies providing energy harvesting solutions. Product launches
is one of the key strategies adopted by these players. Apart from launches,
these players extend their focus on partnerships and expansions.
Why
there is increasing need of energy harvesting in building automation and
industries? Which technologies are expected to drive the growth of the market
in the next 5 years?
The growth of the energy harvesting system
market is driven by the growing demand for safe, energy-efficient, and
long-lasting systems that require minimum or no maintenance, extensive
implementation of IoT devices in automation and energy harvesting technology in
building and home automation, rising adoption of wireless sensor networks
equipped with energy harvesting system, and increasing trend of green energy
and favorable initiatives by governments. Light energy harvesting is majorly
used in the building and home automation and industrial applications; this
technology currently holds the leading position in the overall energy
harvesting system market.
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